Ken Oenbrink - NTX Property Watch Report

Plano, TX

Single-Family Homes

Call or Text 972-816-1660 ken.oenbrink@gmail.com



Plano, TX

Fri Nov 22 2019
This week the median list price for Plano, TX is $425,000 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has held steady at or around 673. Click here to stay informed with the Plano market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Plano, TX

Fri Nov 22 2019
This week the median list price for Plano, TX is $425,000 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has held steady at or around 673. Click here to stay informed with the Plano market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Plano market.
Median List Price $425,000
Per Square Foot $147
Days on Market 112
Price Decreased 61%
Price Increased 2%
Relisted 11%
Inventory 673
Median Rent $2,095
Most Expensive $5,699,000
Least Expensive $163,400
Market Action 38
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$824,950 4,628 0.25 - 0.5 acre 5 4 20 9 9 172
$489,000 3,422 8,000 - 10,000 sqft 4 3 20 9 12 116
$376,885 2,722 8,000 - 10,000 sqft 4 2 26 13 18 84
$295,000 2,001 8,000 - 10,000 sqft 3 2 37 22 28 72